10 Reasons POS Software Is Better Than a Cash Register
Here are ten reasons you may want to upgrade your outdated cash register with a computerized Point of Sale (POS) system:
Accurate Inventory Control – POS software can track store inventory much quicker and more accurately than cash registers.
Faster Checkout – POS software can interface with barcode scanners, which can scan inventory barcodes faster and with more accuracy during checkout which speeds up check out times and keeps you lineups shorter.
Barcode Labeling – When receiving your new inventory, your POS software can print barcode labels to attach to your inventory which will make it easier to track, count and sell.
Employee Time Cards – Some POS software packages will allow you to also track employee sign-in and sign-out times, also with the ability to scan employee cards for more accurate hour and wage tracking.
Customer Loyalty Cards – POS software can also track customers via telephone number, name, or even with a scannable loyalty card which can uniquely identify that customer, possibly offer certain discounts, track points, or just generally track customer buying patterns.
Significantly Better Reporting – Because POS data is tracked with more detail and accuracy, such as for example tracking the sale of specific inventory items with barcodes or such as tracking customer data more accurately, the reports that POS software packages generate are typically far superior to that of any cash register. This is due to the fact that POS software automatically tracks a much deeper set of information within your business compared to a cash register, but also because computer packages can generate much more sophisticated and useful graphs and reports.
Accounting Integration – Most point of sale software packages can also interface with the most popular accounting packages on the market quickly and seamlessly. They can generate export files and reports that can be imported directly into your accounting software which saves a lot of time on double-entry of data as well as makes things much more accurate.
eCommerce Integration – Some point of sale packages also interface directly with eCommerce platforms and websites which means that you can have a much more organized and accurate connection between your online and offline store.
Purchase Orders – You will also find that some point of sale packages also allow you to track your purchase orders for inventory purposes so that you can much more easily track exactly where you purchased each inventory item, for what cost, and make it easier for you to re-order products or even return products for service.
Increased Profitability – Although it may not seem like it at the initial stages of your point of sale software purchase since cash registers are typically less expensive than good quality point of sale software, once you actually factor in the time savings, improved customer experience, more accurate inventory, customer, purchase order and employee tracking and the much more useful reporting features of POS software packages – it is much easier to run a more profitable business with a point of sale package compared to a cash register.